Oppenheimer Asset Management Inc. Cuts Position in The Kraft Heinz Company (NASDAQ:KHC)

Oppenheimer Asset Management Inc. lessened its stake in The Kraft Heinz Company (NASDAQ:KHC) by 3.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 196,325 shares of the company’s stock after selling 7,875 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Kraft Heinz were worth $6,029,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. New York Life Investment Management LLC grew its holdings in shares of Kraft Heinz by 0.3% in the 4th quarter. New York Life Investment Management LLC now owns 130,075 shares of the company’s stock worth $3,995,000 after acquiring an additional 361 shares during the period. Checchi Capital Advisers LLC grew its holdings in shares of Kraft Heinz by 5.3% in the 4th quarter. Checchi Capital Advisers LLC now owns 7,265 shares of the company’s stock worth $223,000 after acquiring an additional 366 shares during the period. Winch Advisory Services LLC boosted its position in shares of Kraft Heinz by 20.1% in the 4th quarter. Winch Advisory Services LLC now owns 2,274 shares of the company’s stock worth $70,000 after buying an additional 380 shares in the last quarter. Pinnacle Financial Partners Inc boosted its position in shares of Kraft Heinz by 4.2% in the 3rd quarter. Pinnacle Financial Partners Inc now owns 9,560 shares of the company’s stock worth $336,000 after buying an additional 381 shares in the last quarter. Finally, Smith Thornton Advisors LLC boosted its position in shares of Kraft Heinz by 2.1% in the 3rd quarter. Smith Thornton Advisors LLC now owns 20,718 shares of the company’s stock worth $727,000 after buying an additional 435 shares in the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.

Kraft Heinz Stock Performance

NASDAQ KHC opened at $30.72 on Friday. The business’s 50-day moving average price is $29.77 and its 200 day moving average price is $32.42. The Kraft Heinz Company has a twelve month low of $27.25 and a twelve month high of $38.96. The company has a market capitalization of $36.71 billion, a PE ratio of 13.59, a price-to-earnings-growth ratio of 3.39 and a beta of 0.47. The company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.39.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.78 by $0.06. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.58%. On average, research analysts predict that The Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 7th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 5.21%. The ex-dividend date is Friday, March 7th. Kraft Heinz’s dividend payout ratio (DPR) is 70.80%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on KHC shares. JPMorgan Chase & Co. decreased their price objective on shares of Kraft Heinz from $32.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, February 13th. Mizuho downgraded Kraft Heinz from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $38.00 to $31.00 in a research report on Monday, February 10th. Barclays cut their price objective on Kraft Heinz from $33.00 to $29.00 and set an “equal weight” rating for the company in a research report on Friday, February 14th. UBS Group cut their price objective on Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Finally, StockNews.com cut Kraft Heinz from a “hold” rating to a “sell” rating in a research report on Friday, February 14th. Three equities research analysts have rated the stock with a sell rating and twelve have issued a hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $30.86.

Kraft Heinz Profile

The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in North America and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Ore-Ida, Maxwell House, Kool-Aid, Jell-O, Heinz, ABC, Master, Quero, Kraft, Golden Circle, Wattie's, Pudliszki, and Plasmon brands.